Sterling pressured further after BoE minutes; yen climbs

LONDON (MarketWatch) -- The British pound extended declines on Wednesday vs. the U.S. dollar, following minutes that indicated the Bank of England didn't have any votes for a rate hike at its last meeting and data showing average earnings growth slowing. The pound was down 0.3% at $1.9883, and the euro fell 0.3% at $1.3495, breaking below the $1.35 barrier. Meanwhile the Japanese yen rallied across the board on risk aversion, with the dollar down 0.8% at 116.70 yen, the Australian dollar down 1.8% at 96.26 yen and the New Zealand dollar dropping 2.2% at 83.44 yen.

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